View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 29, 1989

NMW COMPUTERS CUTS LOSSES, MOVES TO INSULATE ITSELF FROM MARKET DOWNTURNS

By CBR Staff Writer

Financial software house NMW Computers Plc has suffered a shaky year following the downturn in the stock market and, in response, has cut its overheads by one third, disposed of its 49% shareholding in loss making company Broker Services Ltd to the majority shareholder Barclays de Zoete Wedd Holdings for a nominal figure, and is focussing its attention on new market sectors. Dependency on the securities industry cost NMW a 34.6% fall in turnover and a pre-tax loss of UKP1.3m this year, and this is not a mistake the company intends to repeat. To this end NMW has launched its contingency stand-by service for large computer users called Fortress, as well as growing its nationwide X25 packet-switched network and in-house market-making systems. Although the stock market has seen increased trading since the beginning of the year, NMW is understandably fighting shy of tying itself too closely to it, but, along with its diversification, it has announced a new automatic routing system called Echo, and says it is looking forward cautiously to further government privatisations leading to a new upturn in business on the market.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU